SAMA licenses HyperPay to provide payment services

31/12/2024 Argaam
Logo ofThe Saudi Central Bank (SAMA)

Logo of The Saudi Central Bank (SAMA)

The Saudi Central Bank (SAMA) licensed HyperPay Inc Saudi for IT systems to provide payment services through e-wallets.


In a statement today, Dec. 31, SAMA said the total number of licensed payment service providers in the Kingdom rose to 27. 

 

This decision comes as part of efforts to support and empower the payments sector, aiming to enhance the efficiency and flexibility of financial transactions, encourage innovation in financial services, and promote financial inclusion by ensuring access to financial services for all segments of society.

 

SAMA affirmed the importance of dealing with licensed or authorized financial institutions, which can be verified through SAMA’s official website.

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